Euronet Worldwide, Inc. (EEFT) Shares Sold by King Luther Capital Management Corp
King Luther Capital Management Corp cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 22.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,770 shares of the business services provider’s stock after selling 20,304 shares during the period. King Luther Capital Management Corp owned 0.13% of Euronet Worldwide worth $6,008,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of EEFT. William Blair Investment Management LLC purchased a new position in Euronet Worldwide in the 1st quarter worth approximately $71,781,000. Janus Capital Management LLC lifted its holdings in Euronet Worldwide by 15.3% in the 1st quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock worth $287,489,000 after purchasing an additional 445,746 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Euronet Worldwide in the 1st quarter worth approximately $18,377,000. Marshall Wace North America L.P. purchased a new position in Euronet Worldwide in the 1st quarter worth approximately $18,377,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Euronet Worldwide by 1,774.2% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 201,102 shares of the business services provider’s stock worth $17,198,000 after purchasing an additional 190,372 shares in the last quarter. 93.96% of the stock is currently owned by institutional investors.
Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 98.68 on Friday. The company has a market cap of $5.18 billion, a P/E ratio of 31.85 and a beta of 1.36. The firm has a 50-day moving average price of $96.86 and a 200-day moving average price of $88.66. Euronet Worldwide, Inc. has a 1-year low of $70.51 and a 1-year high of $99.04.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. The company had revenue of $536.60 million for the quarter, compared to the consensus estimate of $513.10 million. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. Euronet Worldwide’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. On average, equities analysts expect that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.
A number of research analysts recently commented on the company. BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 6th. Zacks Investment Research cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Lake Street Capital reissued a “buy” rating and issued a $99.00 price target (up from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. Finally, DA Davidson began coverage on Euronet Worldwide in a research note on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $100.20.
In other news, CEO Kevin J. Caponecchi sold 49,238 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $97.67, for a total value of $4,809,075.46. Following the transaction, the chief executive officer now owns 79,096 shares in the company, valued at $7,725,306.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Jeffrey B. Newman sold 3,433 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total value of $315,836.00. Following the completion of the transaction, the vice president now owns 16,386 shares in the company, valued at approximately $1,507,512. The disclosure for this sale can be found here. In the last 90 days, insiders sold 306,574 shares of company stock worth $29,668,269. Company insiders own 7.70% of the company’s stock.
Euronet Worldwide Profile
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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